Petrol Imports Drop by Over N2tn as Dangote Refinery Boosts Local Supply

Petrol Imports Drop by Over N2tn as Dangote Refinery Boosts Local Supply

Nigeria’s petrol imports fell by over N2tn in Q1 2025, dropping to N1.76tn from N3.81tn a year earlier, due to increased output from the Dangote Refinery.

This marks a 54% year-on-year decline, reflecting reduced reliance on foreign fuel. Despite ongoing imports from ECOWAS, the refinery—now operating at 85% capacity—is reshaping the petroleum trade landscape. Dangote has hinted at a major overhaul of the downstream sector, promising broader economic benefits and improved fuel availability.